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Revolutionizing Online Poker: How Phenom Poker is Empowering Players with Ownership Through Tokenized Rakeback
- Poker Article
- Nov 6, 2024
- 3 min read
1. Online Poker Revolution
Phenom Poker is a groundbreaking platform that combines the thrill of poker with the advantages of blockchain technology.
Unlike traditional poker sites, Phenom Poker is decentralized and community-driven—it’s owned, governed, and operated by its players.
It addresses major issues in online poker, including transparency, control over funds, and fast withdrawals, providing a fairer, safer, and more efficient experience for players everywhere.
Founded by American tech entrepreneur Matt Valeo, Phenom Poker benefits from his extensive experience, creating a solid foundation for growth and innovation.
The platform is also endorsed by top poker pros like Brian Rast, Alec Torelli, Chris Hunichen, Eric Baldwin, Sergio Aido, Ben Heath, and Joseph Cheong, whose expertise and credibility add significant value.
Together, they are crafting a player-first poker experience that empowers the community with blockchain-based trust and transparency.
2. Unique Features: Tokenized Ownership and Revenue Sharing
Phenom Poker introduces a revolutionary rakeback system, allowing players to earn up to 35% in rakeback as Phenom Tokens, which can be converted to USDT.
These tokens represent ownership in the platform, giving players a stake in its success and voting rights to help shape its future.
Token holders receive 50% of the platform's revenue, distributed weekly in USDT based on net rake collected. This model rewards players for their participation and aligns their interests with Phenom Poker's growth.
3. User Experience and Interface
Phenom Poker offers a seamless, intuitive interface designed to meet the needs of both new and seasoned players.
With smooth navigation, responsive gameplay, and a visually engaging design, players enjoy an immersive online poker experience enhanced by modern technology.
4. Fair Gameplay and Player Protection
Phenom Poker prioritizes integrity and fairness by implementing advanced, technology-driven solutions against cheating.
With a strict zero-tolerance policy, the platform uses machine learning and other technologies to detect and remove bad actors. Its peer-to-peer encrypted RNG engine shuffles cards to ensure true randomness, preventing even developers or administrators from accessing hole cards in real time.
Through these safeguards, Phenom Poker is setting a new standard for fair play in online poker.
5. Deposits and Withdrawals
Phenom Poker simplifies transactions by using Tether (USDT) on the Polygon network, allowing for fast, low-cost deposits and withdrawals.
Players connect their Web3 wallet, where funds are securely held in a smart contract while they play. When the game ends, funds are instantly returned to the player’s wallet, adjusted for wins or losses, eliminating traditional deposit or withdrawal requests.
Phenom Poker represents a new era in online poker, where players benefit from transparency, security, and ownership—ushering in a community-led gaming experience that rewards and empowers its users
Becoming a professional poker player is a dream for many, but achieving it requires dedication, skill, and a solid plan.
While poker can offer freedom, excitement, and financial rewards, it also comes with challenges like high variance, financial risk, and mental strain.
Here’s a roadmap for turning your passion for poker into a sustainable career.
Here is the current list of supported Tokens and Networks:
Polygon - USDT (directly to Player Wallet), USDC, POL, DAI, WETH
Ethereum - USDT, USDC, DAI, ETH, BNB, WETH, WBTC, UNI
BSC (Binance Smart Chain) - BNB, USDC, WBNB
Solana - SOL, JUP
Arbitrum One - USDC, ARB
Avalanche - USDT, USDC, AVAX
Bitcoin (BTC)
Bitcoin Cash (BCH)
Litecoin (LTC)
Tron - USDT
(*) Must generate $100 in rake to qualify for the Sign Up 100 Phenom Tokens Bonus.